Bookkeeping 9

Paid the utilities for the month of May.

Value Received: Utilities Expense

Value Parted: ?

• Accounts Payable

• Cash

• Notes Payable

• Accounts Receivable

Rendered repair services to a customer who paid cash.

Value Received: Cash

Value Parted: ?

• Accounts Receivable

• Accounts Payable

• Service Income

• Owner's Capital

Rendered repair services to a customer who billed the said transaction.

Value Received: ?

Value Parted: Service Income

• Accounts Receivable

• Accounts Payable

• Cash

• Owner's Capital

Bought new office equipment on account from Ace Hardware.

Value Received: Office Equipment

Value Parted: ?

• Accounts Receivable

• Accounts Payable

• Cash

• Owner's Capital

Collected cash from the billed customer.

Value Received: Cash

Value Parted: ?

• Accounts Receivable

• Accounts Payable

• Service Income

• Owner's Capital

Paid an amount to Ace Hardware’s account.

Value Received: ?

Value Parted: Cash

• Accounts Payable

• Office Equipment

• Notes Payable

• Accounts Receivable

Paid rent of business in advance

Value Received: ?

Value Parted: Cash

• Rent Expense

• Prepaid Rent

• Rent Payable

• Accumulated Depreciation, Rent Expense

Building sold on credit through a promissory note.

Value Received: ?

Value Parted: Building

• Notes Payable

• Notes Receivable

• Accounts Receivable

• Accounts Payable

Ms. Dory invested money to start her business.

Value Received: Cash

Value Parted: ?

• Dory, Payable

• Dory, Drawing

• Dory, Capital

• Dory, Receivable

Ms. Sally withdrew cash for her daily personal expenses.

Value Received: ?

Value Parted: Cash

• Sally, Payable

• Sally, Drawing

• Sally, Capital

• Sally, Receivable